Insurance

The Popular Risk Services specialized group will prepare a detailed analysis with specific recommendations to address particular risks, whether at a personal or business level. Our alliances with multiple insurance companies allow us to provide different solutions using a vast array of insurance products, such as life, disability, annuities, property and casualty, business interruption, and title insurance, among others.

Available Services

A risk management program is an essential element for reaching your financial goals. Your personalized plan could incorporate the following services:

Analysis of needs based on your financial strategy:

This personalized analysis helps you identify your potential exposure to losses in each category: property, liability, loss of use or income, personal risks.

This helps us forecast the probability of losses in each category and gauge their consequences in order to identify the best options to address them.

Analysis of your current insurance policies: If you already have an insurance product, our team will evaluate your current coverage to quantify additional insurance needs, if any.

Cost-effective risk transfer and control of losses: We recommend effective avenues to reduce, eliminate and prevent specific risks and provide the right insurance solutions to cover those risks.

Claims management: We serve as a liaison between you and your insurer to help resolve claims promptly.

Business Continuity and Succession Plan

If you have your own business, the Popular Risk Services’ specialized group can help in the development of a plan, providing you the security that your business will continue to operate and generate income in the case of retirement, incapacity or death of a partner, investor or key employee.

A succession plan aims to establish strategies to achieve the continuity or transfer of a business in a variety of situations, whether voluntary or involuntary. A well-designed succession plan helps protect the capital of the business and your family; protect the business against interruptions in the event of retirement, incapacity, divorce, bankruptcy or death of the owners and achieve an orderly transition. Some alternatives available are:

Business Buy and Sell Agreement

If your business is composed of various partners or investors, it is essential to plan what to do in the event any of them becomes disabled or dies. Our experts at Popular Risk Services can provide orientation on the different insurance products that allow:

The firm to purchase the deceased owner’s participation from his or her family.

The rest of the owners assume full control of the company and prevent the heirs to actively participate in the company’s decisions.

Life Insurance for your Family

Life insurance plays an important role in the future of your family and the protection of your home. Simply consider the costs that your family may face if you are gone: mortgage, personal and auto loan costs; credit card debt; educational costs for your children; and medical expenses. A life insurance policy is important; it provides your family the funds needed to cover the expenses that arise and maintain their standard of living.

Available Services

A risk management program is an essential element for reaching your financial goals. Your personalized plan could incorporate the following services:

Analysis of needs based on your financial strategy:

This personalized analysis helps you identify your potential exposure to losses in each category: property, liability, loss of use or income, personal risks.

This helps us forecast the probability of losses in each category and gauge their consequences in order to identify the best options to address them.

Analysis of your current insurance policies: If you already have an insurance product, our team will evaluate your current coverage to quantify additional insurance needs, if any.

Cost-effective risk transfer and control of losses: We recommend effective avenues to reduce, eliminate and prevent specific risks and provide the right insurance solutions to cover those risks.

Claims management: We serve as a liaison between you and your insurer to help resolve claims promptly.

Business Continuity and Succession Plan

If you have your own business, the Popular Risk Services’ specialized group can help in the development of a plan, providing you the security that your business will continue to operate and generate income in the case of retirement, incapacity or death of a partner, investor or key employee.

A succession plan aims to establish strategies to achieve the continuity or transfer of a business in a variety of situations, whether voluntary or involuntary. A well-designed succession plan helps protect the capital of the business and your family; protect the business against interruptions in the event of retirement, incapacity, divorce, bankruptcy or death of the owners and achieve an orderly transition. Some alternatives available are:

Business Buy and Sell Agreement

If your business is composed of various partners or investors, it is essential to plan what to do in the event any of them retire or dies. Our experts at Popular Risk Services can provide orientation on the different insurance products that allow:

The firm to purchase the deceased owner’s participation from his or her family.

The rest of the owners assume full control of the company and prevent the heirs to actively participate in the company’s decisions.

Life Insurance for your Family

Life insurance plays an important role in the future of your family and the protection of your home. Simply consider the costs that your family may face if you are gone: mortgage, personal and auto loan costs; credit card debt; educational costs for your children; and medical expenses. A life insurance policy is important; it provides your family the funds needed to cover the expenses that arise and maintain their standard of living.

Popular Risk Services is an Insurance Producer duly authorized by the Insurance Commissioner’s Office to negotiate life, disability, miscellaneous, title, health services and variable insurance in Puerto Rico. Insurance products are not insured by the FDIC or by any other government agencies, are not deposits or obligations and or guaranteed by Banco Popular de Puerto Rico, or its subsidiaries or affiliates and may lose value. Popular Risk Services is a subsidiary of Popular Inc. and affiliate of Banco Popular.

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News & Updates

You may already know these things, but your children may not. Take advantage of your knowledge to urge your loved ones to reevaluate their life insurance policies with the help of the following checklist. Also, check to see whether some items might apply to you. Taking the fullest advantage of… Learn more »

Our commercial properties or businesses can be negatively impacted by many events, including natural disasters such as hurricanes or earthquakes. As a result of such an event, both the structure of the property and the equipment you use to run it can be destroyed or severely damaged, and that, in… Learn more »

The hurricanes that struck our island last year served as a wake-up call to remind us the importance of being prepared to minimize the impact on our businesses’ financial stability. Below, we offer a guide with some ideas you should consider to protect your business’s commercial properties, especially the facilities… Learn more »

When a natural disaster occurs, having business interruption insurance will help you replace the income loss of your business. It also covers operational expenses such as incurred payments for contracted services even if the business is temporarily closed. For business interruption insurance to apply, the business must have suffered physical… Learn more »

We must be prepared to face natural disasters like hurricanes Irma and Maria. Every business is at risk, and to ensure the continuity of your business when disaster strikes, it is essential that you mitigate that risk. Developing a business continuity plan is one of the strategies that can make… Learn more »

You’ve purchased a life insurance policy and taken an important step towards your financial security. However, often overlooked is the fact that you must review periodically your policy to ensure it is aligned with your financial goals. Javier A. Rodríguez Torres, Esq. from Popular Risk Services is well acquainted with the issues that could affect you and the preventive care you need, and gave us 3 key reasons we should be aware of that require a review of life insurance policies.

As companies have grown more dependent on information technology to carry out everyday business transactions and customer interactions, cyber and privacy liability insurance has emerged as a necessary measure of protection against unauthorized use or access to electronic business data or software.

Banco Popular de Puerto Rico, its subsidiaries and affiliates do not offer tax, legal or accounting advice. If you would like to receive legal, tax or accounting advice, you should consult a professional specialized in these areas. Investment products and services are offered by Popular Securities LLC, registered broker dealer and member of FINRA and SIPC. Investment products are not insured by the FDIC, are not deposits or obligations, are not guaranteed by Banco Popular de Puerto Rico and may lose value. Insurance products and services are offered by Popular Risk Services an Insurance broker duly licensed by the Office of the Commissioner of Insurance of Puerto Rico. Popular and Banco Popular de Puerto Rico are not registered brokers. Insurance products are not FDIC insured, or other government agencies, are not deposits or obligations and are not guaranteed by the Bank or its subsidiaries or affiliates. Some insurance products may lose value. Popular Securities and Popular Risk Services are subsidiaries of Popular and affiliates of Banco Popular. Popular One is an integrated services platform through which Popular Securities and Popular Risk Services are offered.

Wealth Management services are generally available to clients who maintain deposits and/or investments of $500,000 or more at Popular.